The rental or rental agreement is written on a stamp paper. There are 2 types of rentals in India, one is a lease that lasts at least 12 months. This is governed by the rent control laws enacted by the state government. The other type is a rental and licensing agreement of up to 11 months, which is not covered by rent control laws. You can change the terms and conditions according to your agreement with the tenant/owner. This lease is not legally binding unless it is registered. The notarized agreement does not mean that it is registered. Tenants must pay stamp duty and registration fees on the agreement. This proposed lease provides for a one-year term, which is the most frequent, but the duration may be longer or shorter, as agreed by the parties. In the first raw material, enter the date on which the rental date begins. This is the date on which the tenant can take possession and start occupying the premises and the date on which the rent begins. Ideally, the duration starts on the first day of a calendar month (this approach facilitates accounting and registration), but should not. In the second raw material, enter the date on which the term of the lease expires.
For one year, it is the eve of the anniversary of the launch date, z.B. from February 1, 2017 and ends on January 31, 2018. If the owner owns personal property (furniture, appliances, decorations, etc.) that are on the site and is available to the tenant, the landlord must keep a record of this personal property, so there is no doubt about it when the life term expires. Such items may be listed in the raw material in this section or may be included in a separate document attached to the lease as Schedule A. When an exhibition is used, insert the following in the draft: „See the list of the owner`s personal property that is attached to Schedule A.” It might also be a good idea to take photos and/or videos of such personal property before delivering possession of the premises to the tenant. Images and/or videos also allow the owner to document the condition of the premises before the property is handed over and if the premises are returned to the owner at the end of the life. Enter the names of the landlord and tenants (if there are two or more tenants, insert the names of each tenant) and have each person signed and date the contract.